Invesco Perpetual is to launch an Asian Equity Income fund.
The fund will be managed by Stuart Parks and Tim Dickson and will invest primarily in Asia and Australasia (excluding Japan).
The fund will target a dividend yield of 120% of the MSCI Asia Pacific ex-Japan index.
Parks says: “In tandem with their economies, Asian companies are becoming increasingly important in a global context. Their ability to harness growth at home, as well as demand from overseas, gives them strong and enduring earnings potential which in turn feeds into revenues and profits. (article continues below)
“Asian companies increasingly recognise the importance of shareholders and as a result dividends are rising. We believe this only strengthens the outlook for Asian equity markets.”
Ian Trevers, head of distribution at Invesco Perpetual, says: “While companies paying high dividends will be at the fund’s core, its flexible approach permits investment in companies with greater growth prospects with the aim of delivering a rising income over time.”